Charlie Lee Gives Free Litecoins to Top Traders on Korbit

Charlie Lee, the founder of Litecoin, will personally send LTC to top Korbit traders during the first week of trading
17 April 2018   697

Charlie Lee, a well-known founder of Litecoin, has made a very exciting to LTC traders announcement about Korbit exchange launching Litecoin. LTC will be formally listed for trading on April 18, and also it will still be available on Other Digital Assets, but LTC wallets will be consolidated into one on Korbit.

Charlie Lee on TwitterCharlie Lee on Twitter

Listing Schedule

  • Deposit Open: After 17:00 KST on 04/17/2018
  • Trading Open: 15:00 KST on 04/18/2018
  • Withdrawal Open: 15:00 KST on 04/19/2018

In order to encourage the users to trade LTC on Korbit, Charlie Lee, the founder of Litecoin, will personally send LTC to top traders during the first week of trading. The campaign includes only Korbit users who trade LTC/KRW from 15:00 on April 18 to 01:00 on April 24.

Litecoin ChartsLitecoin Charts

Top 6 LTC/KRW traders by total trading volume will receive LTC directly from Charlie Lee: 50 LTC is grated to the 1st place winner, 25 LTC - 2nd, 10 LTC - 3rd, 5 LTC each - 4th - 6th places. The winnings will be sent to the users on April 28.

At the moment of press, these are main market parameters of Litecoin:

  • Average Price: $138,21
  • Market Cap: $7 756 789 127
  • 24h Vol: $462 683 000

Litecoin Foudation to Purchase 10% of WEG Bank AG Shares

The acquisition of shares was the result of an agreement with the company TokenPay
11 July 2018   131

The non-profit organization Litecoin Foundation, which supports the popular crypto currency, announced the acquisition of almost 10% of the shares of the German bank WEG Bank AG.

As noted in the press release, the acquisition of shares was the result of an agreement with the company TokenPay, which operates with the transfer of assets from crypto-currency to fiat and vice versa.

It is reported that TokenPay transfers 9.9% of shares of the German bank WEG Bank AG to Litecoin Foundation to pay for technical support and the introduction of cryptocurrency payments for TokenPay customers.

This partnership is a huge win-win for both Litecoin and TokenPay. I’m looking forward to integrating Litecoin with the WEG Bank AG and all the various services it has to offer, to make it simple for anyone to buy and use Litecoin. I’m also excited about Litecoin’s support in TokenPay’s eFin decentralized exchange.

Charlie Lee

Managing Director of the Litecoin Foundation

TokenPay purchased part of WEG Bank shares in May.

The partnership with innovative institutions such as TokenPay and Litecoin might at first come unexpectedly for a very conservative institution like us. But we have thoroughly and diligently examined the prospects of a common future, and we became convinced that the future of banking will make adoption of such modern payment methods inevitable. We are therefore proud to have teamed up with the best in the field.

Matthias von Hauff

Founder and CEO, WEG Bank AG

Rumours about possible cooperation between TokenPay and Litecoin Foundation appeared back in April.